Nova Credit Secures $50M Funding to Transform Hong Kong’s Credit Reference Landscape

We are thrilled to announce that Nova Credit, a pioneering credit reference agency established in 2017, has successfully raised US$50,000,000 in its latest funding round. This significant milestone not only underscores the strong investor confidence in our innovative approach but also provides us with the resources to further our mission of elevating Hong Kong’s credit reference services. Recognized as a selected credit reference agency by “Credit Data Smart” in November 2022, Nova Credit is steadfast in its commitment to upholding the principles of personal data privacy and information security, ensuring that every step we take is aligned with protecting our clients’ sensitive financial information. With this fresh injection of capital, our focus is set on harnessing cutting-edge technologies and advanced data analytics to revolutionize banking and financial services. We aim to accelerate the digitalization of financial services, enabling consumers to gain a more comprehensive understanding of their personal credit status, build robust credit management habits, and fortify their defenses against fraud. Moreover, by leveraging our strategic presence in the Greater Bay Area, we are positioned to seamlessly connect financial institutions and deliver convenient cross-boundary financial services, solidifying our role in the dynamic fintech landscape of Hong Kong. This funding will drive innovations that not only enhance operational efficiencies but also contribute significantly to the national finance initiatives. As Nova Credit continues to bridge the gap between technology and traditional banking, we remain dedicated to fostering financial wellness and ensuring that both consumers and financial institutions are equipped to embrace the future of digital finance.